Search found 5863 matches

by Fallible
Sat Jul 22, 2017 11:37 am
Forum: Investing - Theory, News & General
Topic: The Quest for Perfection
Replies: 115
Views: 5016

Re: The Quest for Perfection

... Yes, I like theory a lot. I want to understand theory well in order to be able to manage complex holdings correctly. I generally think that theory is harder than practice. Yes, there may be practical nightmares (especially if this has to be done across multiple 401Ks, IRAs, and Taxable), but in...
by Fallible
Sat Jul 22, 2017 10:35 am
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult? Six Months Progress
Replies: 157
Views: 16222

Re: Learning an instrument as an adult? Six Months Progress

:( I overdid the practice this week and now my wrist tendons and two little fingers hurt. Always the worst case scenario person, I assume this means I'm done for good. Ok...in reality I'm going to force myself to rest my hand. I can practice open strings and work on smooth bow technique for awhile....
by Fallible
Thu Jul 20, 2017 8:54 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 114
Views: 7729

Re: Books not to read.

It has been my experience as a lifelong reader that you just can't love (or like) every book you read-- in many cases because we all have our own tastes and limitations. But it doesn't follow from the premise that you can't love (or like) all books that you are obliged to tell folks not to read the...
by Fallible
Thu Jul 20, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2458
Views: 762059

Re: What Book Are You Currently Reading? Part VI

Don Quixote. :D I enjoyed the Grossman translation, but I also enjoyed the older T.M. Cohen one which seemed to capture so well the breathless playfulness of Cervantes' storytelling--with all the long, winding sentences. I've been intending to read the translation of the British satirist Tobias Smo...
by Fallible
Thu Jul 20, 2017 7:28 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 51
Views: 3084

Re: Investing well for Retirement can be frustrating

investingdad wrote:...
I guess I'm a little envious...I can't show off our success because it's on our balance sheet and not the parking lot. ...


Here's something to comfort frugal Bogleheads:

“Manifest plainness,
Embrace simplicity,
Reduce selfishness,
Have few desires.”
― Lao Tzu
by Fallible
Wed Jul 19, 2017 5:50 pm
Forum: Investing - Theory, News & General
Topic: The Death of Buy and Hold
Replies: 25
Views: 2981

Re: The Death of Buy and Hold

The book promotes index investing. Low fees, low expense ratios, no-load funds. Also delves into using gold, metals in an investment portfolio. I was reading it last night and decided to use their advice of putting a mixed bond fund in my IRA. I had previously been interested in a US government bon...
by Fallible
Wed Jul 19, 2017 4:49 pm
Forum: Investing - Theory, News & General
Topic: New Swensen Op Ed "Wall Street Profits by Putting Investors in the Slow Lane"
Replies: 15
Views: 1279

Re: New Swensen Op Ed "Wall Street Profits by Putting Investors in the Slow Lane"

https://www.nytimes.com/2017/07/18/opinion/wall-street-brokers-rebates-kickbacks.html?_r=0&mtrref=undefined&assetType=opinion Very interesting indeed. Brad Katsuyama seems to be making some real progress for fairness to investors. What do you all think? I'd read the excellent NYT piece and ...
by Fallible
Wed Jul 19, 2017 1:30 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2458
Views: 762059

Re: What Book Are You Currently Reading? Part VI

Don Quixote has been discussed above. I want to report that I just finished it today. This was the Grossman translation. I can recommend it. The ending was quite touching. Thanks for the update. Having been in the "discussed above" group, I'm sad to say I'm still into the second part, or ...
by Fallible
Wed Jul 19, 2017 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Maintaining Boglehead Outlier Edge Despite Affects of Group Trends
Replies: 7
Views: 861

Re: Maintaining Boglehead Outlier Edge Despite Affects of Group Trends

I often think of things as large patterns and try to figure out the affects of larger shifts. I view the Boglehead philosophy as an 'outlier' philosophy that maintains an 'edge' in contrast to the larger group. The larger group over-spends, over-borrows, and under-saves. In contrast, my philosophy ...
by Fallible
Tue Jul 18, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop being "concerned"
Replies: 27
Views: 5107

Re: When to stop being "concerned"

I saw this excerpt in a recent Vanguard Blog post by Andy Clark Vanguard Founder Jack Bogle circulated a letter that he’d written to a young investor daunted by potential catastrophes. An excerpt: “My own total portfolio is about 50/50 indexed stocks and short/intermediate bond indexes. At my age o...
by Fallible
Tue Jul 18, 2017 7:24 pm
Forum: Investing - Theory, News & General
Topic: The Quest for Perfection
Replies: 115
Views: 5016

Re: The Quest for Perfection vs. The Three-Fund Portfolio

TD2626: I can't help thinking about this quote by Warren Buffett: "There seems to be some perverse human characteristic that likes to make easy things difficult." Consider The Three-Fund Portfolio , enjoy your free time, then stay-the-course. Best wishes. Taylor Thanks for the quote and a...
by Fallible
Tue Jul 18, 2017 6:05 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2458
Views: 762059

Re: What Book Are You Currently Reading? Part VI

Don Quixote has been discussed above. I want to report that I just finished it today. This was the Grossman translation. I can recommend it. The ending was quite touching. Thanks for the update. Having been in the "discussed above" group, I'm sad to say I'm still into the second part, or ...
by Fallible
Tue Jul 18, 2017 5:28 pm
Forum: Investing - Theory, News & General
Topic: The Quest for Perfection
Replies: 115
Views: 5016

Re: The Quest for Perfection

I felt bad when I had to exclude the REITs, large allocations to commodities, physical real estate, convertible securities, preferred stock, and so on from my plan. I already feel that excluding those assets simplifies it a lot (reducing things from ~90 holdings to ~60). Maybe I should go back to t...
by Fallible
Thu Jun 29, 2017 3:27 pm
Forum: Investing - Theory, News & General
Topic: Does Jack Bogle have a conundrum on his hands?
Replies: 63
Views: 4229

Re: Does Jack Bogle have a conflict of interest?

Thanks for the replies! Great comments. As for the title of this post, when you listen to the podcast, it is clear that Paul Merriman is making the point that because of Jack's affiliation with Vanguard, he may not be able to give investors the true advice he believes in. "Even if Jack Bogle a...
by Fallible
Thu Jun 29, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: Does Jack Bogle have a conundrum on his hands?
Replies: 63
Views: 4229

Re: Does Jack Bogle have a conflict of interest?

Would love reactions to this. I was listening to Paul Merriman's new podcast episode, where he discusses his recent June 2017 in-person interview with Jack Bogle. He didn't release the recording for us, but he summarized it for his listeners. ... There's no mention of the term conflict of interest ...
by Fallible
Thu Jun 29, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2458
Views: 762059

Re: What Book Are You Currently Reading? Part VI

I am a WWII freak and the only books I read (aside from investing books) are historical accounts from the WWII era. I probably read 10 -12 historical books a year on the subject. I just finished one of the best true accounts of what life was like for the average family in Germany in the 1940s as th...
by Fallible
Mon Jun 26, 2017 9:40 am
Forum: Investing - Theory, News & General
Topic: "Heads I Win, Tails I Win -- A Gem
Replies: 12
Views: 2923

Re: "Heads I Win, Tails I Win -- A Gem

... Fallible: Thank you for adding the "key takeaways." This is the "Great quote from Jason Zweig": My job is to write the exact same thing between fifty and a hundred times a year in such a way that neither my editors nor my readers will ever think I am repeating myself. That's...
by Fallible
Sun Jun 25, 2017 9:42 pm
Forum: Investing - Theory, News & General
Topic: "Heads I Win, Tails I Win -- A Gem
Replies: 12
Views: 2923

Re: "Heads I Win, Tails I Win -- A Gem

Couldn't agree more, Taylor, and I'm glad to see your "Gems." I read the book recently and it is basically Boglehead all the way. I'd like to suggest adding to the "gems" what he refers to as the "key takeaways" from his book, beginning on page 255 (and following a grea...
by Fallible
Sat Jun 24, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Howdy! Seeking some [401k] advice please
Replies: 7
Views: 653

Re: Howdy! Seeking some advice please

First time posting but been lurking and researching. I would like to get some suggestions on how I can maximize my return from what I have available currently in my company 401-k. I am just needing to know if I should be in different funds, more funds and also if I should change my percentages up. ...
by Fallible
Sat Jun 24, 2017 11:24 am
Forum: Personal Consumer Issues
Topic: Cars my only weakness, make me feel bad!!
Replies: 32
Views: 2119

Re: Cars my only weakness, make me feel bad!!

With any large expenses, an important question to ask is what else might you do with the money? Expensive cars also have expensive maintenance and repairs, etc., so that's something else to think about if you haven't already. Financial author Jonathan Clements calls this "the big picture" ...
by Fallible
Fri Jun 23, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2458
Views: 762059

Re: What Book Are You Currently Reading? Part VI

Just picked up Jason Kelly's "Neatest little guide to stock market investing" and Spencer Jakab's Heads I win, Tails I Win" . Will start reading tomorrow night. I read Heads I Win, Tails I Win and really liked it. Jakab, a WSJ columnist and former top stock analyst, has written a ver...
by Fallible
Fri Jun 23, 2017 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Questions for DieHards after reading "The Bogleheads' Guide to Investing"
Replies: 41
Views: 3826

Re: Questions for DieHards after reading "The Bogleheads' Guide to Investing"

I think you want to continue investing enough to get the employer match, even with the truck loan. But, I'd otherwise get rid of the truck loan ASAP. For instance, if I wanted to save 6 months of expenses for my EF, I might be content to stop at 5, temporarily, in order to pay off the loan more qui...
by Fallible
Thu Jun 22, 2017 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Questions for DieHards after reading "The Bogleheads' Guide to Investing"
Replies: 41
Views: 3826

Re: Questions for DieHards after reading "The Bogleheads' Guide to Investing"

It is hard for me to grasp the concept of buying low and selling high. It seems a bit like betting on the losing pony in the race, although I know that's not the case. Do any of you guys have a rule of thumb on how low/high you wait for a stock to go before you buy/sell? A certain percentage whatno...
by Fallible
Wed Jun 21, 2017 11:11 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz: "How to Make the Most of Your 401(k)"
Replies: 24
Views: 3373

Re: Christine Benz: "How to Make the Most of Your 401(k)"

I am astonished how many people don't participate in 401k plans. The employer match is low hanging fruit ready to be plucked and there are folks that refuse even that. It seems that there are other priorities and retirement seems so far off. It really isn't so astonishing if you consider some of th...
by Fallible
Tue Jun 20, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Helping elderly Grandma with investing 270k - VTINX?
Replies: 26
Views: 1474

Re: Helping elderly Grandma with investing 270k - VTINX?

What I meant by good health is phyiscally she's great. Active, mobile, good numbers etc. She just can't remember anything over the short term. Conversations can be tough but she still remembers her past and is in good spirits. ... Has her doctor diagnosed her with Alzheimer's and said what stage sh...
by Fallible
Mon Jun 19, 2017 11:38 am
Forum: Investing - Theory, News & General
Topic: Why Wouldn't Everyone Customize His Own Glidepath?
Replies: 17
Views: 1958

Re: Why Wouldn't Everyone Customize His Own Glidepath?

The whole idea of using the need/ability/willingness thought scheme is to do what you describe. I would think it would be assumed that as personal circumstances change each of those parameters and the outcome could change as well. Of course the next question will be to ask what rule to follow in ho...
by Fallible
Sun Jun 18, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Example of why this forum is so good
Replies: 19
Views: 3240

Re: Example of why this forum is so good

One of the few places grounded in common sense is here, it seems. Very civil and focused on sensible, low cost, broadly diversified investment strategies that the vast majority can easily understand and implement. The best parts of the philosophy are also about what not to do - panic sell, speculat...
by Fallible
Sun Jun 18, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Example of why this forum is so good
Replies: 19
Views: 3240

Re: Example of why this forum is so good

One of the few places grounded in common sense is here, it seems. Very civil and focused on sensible, low cost, broadly diversified investment strategies that the vast majority can easily understand and implement. The best parts of the philosophy are also about what not to do - panic sell, speculat...
by Fallible
Sat Jun 17, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: Market Monitoring -- Best Practices?
Replies: 33
Views: 1491

Re: Market Monitoring -- Best Practices?

I was speaking with a co-worker the other day about the lofty levels the market is reaching. We talked about the possibility of a "Trump bubble". I asked if he and his friends keep an eye on this market and how. He said they check weekly and just try to get a feeling based on the news. .....
by Fallible
Fri Jun 16, 2017 12:30 pm
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 127
Views: 13287

Re: Anyone else gotten totally bored with investing?

I don't follow daily market doings, or non-doings, but can't imagine being bored with the Boglehead principles as they apply to the human nature side of investing and as that plays out on the forum. The principles are an endless challenge for every investor.
by Fallible
Thu Jun 15, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 12463

Re: Who takes financial chances and why is this forum so financially conservative?

Maybe it's just me, but it seems like this forum is getting more financially conservative. Be careful assuming trends based on forum posts on any discussion forum site on any topic. Post can easily skew perception. Take technical discussion, fora for example. People post when they have problems whi...
by Fallible
Thu Jun 15, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance?
Replies: 46
Views: 4034

Re: Long Term Care Insurance?

The hybrid long-term policy alternative is interesting and it would be good to know what other planners think about it. I think he is right about the HECM and how it has improved. In her recent book, Making Your Money Last , Jane Bryant Quinn explains these reverse mortgage improvements in great det...
by Fallible
Tue Jun 13, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5597

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

Sometimes (like the past year or so) I wonder if we're missing a point when we say something like "Pick an appropriate allocation and stick to it." Perhaps an allocation should be more dynamic. I may feel fine with a 60% stock allocation in most market conditions. But when long term marke...
by Fallible
Tue Jun 13, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 12463

Re: Who takes financial chances and why is this forum so financially conservative?

Maybe it's just me, but it seems like this forum is getting more financially conservative. For example, people feeling uneasy with 25x in retirement accounts, debt free, great job, ~65% savings rate. I think the fear and financial anxiety on here can be contagious, and the "what-if you got hit...
by Fallible
Tue Jun 13, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5597

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

In your other posts you say you are 40 years old. What is your stock/bond allocation right now? It is currently 73/27. 58% U.S. Stock 27% U.S. Bond 15% International You may be too high in equities, taking more risk than you can or want to handle, so ask yourself this: if the market crashes tomorro...
by Fallible
Mon Jun 12, 2017 2:38 pm
Forum: Investing - Theory, News & General
Topic: Poll: Do Bogleheads own Stocks?
Replies: 77
Views: 7232

Re: Poll: Do Bogleheads own Stocks?

... This poll on individual stock ownership was prompted by recent threads discussing stock picks and, of course, curiosity . ... Sorry if I missed something earlier, but what are you curious about? What is the point of knowing how many Bogleheads - or at least those Bogleheads who post often on th...
by Fallible
Mon Jun 12, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: Ok reasons for a 37 year old to have a 60/40 mix?
Replies: 39
Views: 3834

Re: Ok reasons for a 37 year old to have a 60/40 mix?

1) Helps me sleep at night easily. 2) If the stock allocation was higher ( 70/30 or 80/20 ) I don't feel confident on when in my life I would change it to a lower stock allocation. 3) I do feel confident holding 60/40 through a major downturn. 4) I do feel comfortable doing a change to 40/60 on yea...
by Fallible
Mon Jun 12, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Attorneys: Can family be held liable if moving elder into independent living apartment?
Replies: 17
Views: 1936

Re: Attorneys: Can family be held liable if moving elder into independent living apartment?

Pajamas wrote:
Da5id wrote: I'd strongly suggest consulting an elder care attorney in your state.


This is the best course of action.


I agree. An elder care attorney also may be needed for other issues as your mother's dementia progresses.
by Fallible
Sun Jun 11, 2017 9:44 pm
Forum: Investing - Theory, News & General
Topic: [Wiki] - Percentage Gain and Loss (for new investors)
Replies: 115
Views: 6373

Re: [Wiki] - Percentage Gain and Loss (for new investors)

... LadyGeek, Not sure how you plan to run this, but it could flow nicely from the key question about loss asked in the "Important" section on the Risk Tolerance page and also the Asset Allocation page, beginning with a brief reference to it to let readers know it's available and then lin...
by Fallible
Sun Jun 11, 2017 6:56 pm
Forum: Investing - Theory, News & General
Topic: [Wiki] - Percentage Gain and Loss (for new investors)
Replies: 115
Views: 6373

Re: [Wiki] - Percentage Gain and Loss (for new investors)

LadyGeek, Not sure how you plan to run this, but it could flow nicely from the key question about loss asked in the "Important" section on the Risk Tolerance page and also the Asset Allocation page, beginning with a brief reference to it to let readers know it's available and then linking ...
by Fallible
Sun Jun 11, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 7113

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

... Generally all this really is about trying to measure how frequently the investor has to make decisions. Automatic contributions, automatic withdrawals, automatic rebalancing, and such isn't requiring decisions on the investor's part. Rebalancing for yourself, though, or managing your own glide ...
by Fallible
Sat Jun 10, 2017 3:26 pm
Forum: Personal Consumer Issues
Topic: Naming boat
Replies: 62
Views: 2375

Re: Naming boat

123 wrote:How about "Customer's Yacht" ?


Love this one. I would even put it on a row boat or canoe, if I had one.

A word of caution for the OP: don't name the boat "Bull." That was Bernie Madoff's name for his yacht.
by Fallible
Fri Jun 09, 2017 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Three years into retirement… Need a good read
Replies: 12
Views: 1996

Re: Three years into retirement… Need a good read

BL wrote:
Tycoon wrote:
livesoft wrote:And Jane Bryant Quinn's How to Make Your Money Last is a good overview.


I'll second this recommendation. I'm reading it right now.

+1 She also contributes to the AARP website on occasion.


I've read the book and will third the recommendation. Just about every aspect of retirement is covered well.
by Fallible
Thu Jun 08, 2017 7:06 pm
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 7113

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

... What's needed are better studies of how to help people discover what their risk tolerance really is, and better studies of how various trajectories and fluctuations of wealth during retirement correlate with feeling secure and happy. Interesting. For some time I've been searching for such studi...
by Fallible
Thu Jun 08, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 7113

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

I have come to think more and more that "willingness" to take risk is less about what one thinks one can tolerate than about what one is willing to agree to in advance that one will tolerate, having arrived by various means at how much risk one should take. There is a subtle difference be...
by Fallible
Thu Jun 08, 2017 12:32 pm
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 7113

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

... What's needed are better studies of how to help people discover what their risk tolerance really is, and better studies of how various trajectories and fluctuations of wealth during retirement correlate with feeling secure and happy. Interesting. For some time I've been searching for such studi...
by Fallible
Thu Jun 08, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 7113

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

... What's needed are better studies of how to help people discover what their risk tolerance really is, and better studies of how various trajectories and fluctuations of wealth during retirement correlate with feeling secure and happy. Interesting. For some time I've been searching for such studi...
by Fallible
Tue Jun 06, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 7113

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

... When this myopic view takes hold, even a target fund won't help because it's not the fund, it's the market and the noise. In cases like this you don't even have to check your portfolio, you can just become panicky listening to the news. I agree if you are just going to keep following market noi...
by Fallible
Tue Jun 06, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 7113

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

I’m not aware of any mention of target date funds in any of these publications, but these funds may be right for some investors provided they first learn the pros and cons and know themselves well enough to choose a fund that is right for them. I'm thinking of references like this: These results su...
by Fallible
Tue Jun 06, 2017 3:45 pm
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 7113

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

As you can imagine, much has been written about myopic loss aversion and discussed on the forum, including Larry Swedroe’s excellent articles written last year on the study you refer to. I’m not aware of any mention of target date funds in any of these publications, but these funds may be right for ...

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